Nigeria Property Centre
Premium

Hotel / guest house for rent

22 Bedroom Furnished Hotel -Guesthouse

Olarewaju Ariyibi Crescent Off Isheri Road, Igando, Ikotun, Lagos
₦20,000,000 per annum
#309-096-3 12 Sep 2025
WhatsApp
22 Bedrooms
22 Bathrooms
24 Toilets
1,200 m² Plot size
Hotel / Guest Property type
Furnished Furnishing
12 spaces Parking

About this property

Watch video above Hotel For Lease --- 22‑Room Furnished Hotel/Guesthouse with Restaurant & Bar --- Igando‑Isheri Road (Near Hotel & Odo Eran Bus Stops) Price: ₦20,000,000 (Not Negotiable) per annum (VIDEO AVAILABLE) Overview: Rare investment opportunity to lease a furnished 22‑room hotel located on Igando‑Isheri Road, Akowonjo. The property is being offered as a going concern (turnkey hospitality business, flexible for an investor or operator. Key Details

  • Property type: Hotel / Hospitality asset
  • Rooms: 22 guest rooms -furnished
  • Additional assets: Restaurant & indoor bar; open‑air bar/entertainment area
  • Plant & equipment included: beds, fridges, air conditioners, furniture, fittings, kitchen equipment
  • Title / Documentation: Survey and Deed of Assignment (available for inspection)
  • Location: Igando‑Isheri Road, Akowonjo LG --- close to Hotel bus stop and Odo Eran bus stop
  • Price: ₦20,000,000 (Fixed)
  • Sale basis: As a going concern or as development land (buyer to confirm intended use)

Property Features & Fit‑Out

  • 22 fully furnished rooms ready for immediate operation (inventory and room mix available on request)
  • Functional restaurant and indoor bar configured for hotel guests and external patrons
  • Open space bar/entertainment area suitable for events, social nights and extra F&B revenue
  • Commercial kitchen equipment and cold‑storage included
  • Air conditioning installed in guest rooms and key common areas
  • Secure compound with parking and ease of access for guests and deliveries

- Location & Market Advantages

  • Prime roadside location on Igando‑Isheri axis --- high visibility and easy access for road users and inter‑community travellers
  • Close to major bus stops (Hotel & Odo Eran), increasing walk‑in traffic and patronage
  • Good catchment of business travellers, local tourists, contractors and commuter demand along the corridor
  • Proximity to residential estates, road networks and commercial activity supports steady occupancy and F&B patronage

Business & Investment Appeal

  • Turnkey hospitality business --- immediate revenue potential with existing physical assets and operational fit‑out
  • Included equipment reduces capex for a new operator and accelerates time to trading

Title, Documents & Due Diligence

  • Recommended buyer due diligence:
  • Verify Survey & Deed of Assignment at Land Registry
  • Confirm any outstanding rates, taxes or levies
  • Check business licences, health/fire safety certificates, and food service permits

Price & Terms

  • Price: ₦20,000,000 (Twenty Million Naira) per annum
  • Price quoted for lease of property and includes fixtures/contents as listed;
  • Lessee to bear customary costs (legal fees, stamp duty, transfer fees) unless otherwise agreed

Contact: Mr. Kola Adesina (EDBA) All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. Serious proposals only. How we work Tell us your needs (budget, location, size). Our team reviews your request and assigns a dedicated relationship manager. We only source conflict-free land and properties with clear titles. We conduct due diligence and arrange site visits. Viewings are by appointment only Finalize purchase, rental or lease with legal support. Please feel free to browse our other featured properties Ref: Blue Ivy

Features and amenities

Interior & Finishing

Tiled floors

Property details

Reference ID #309-096-3
Listed by The Build Centre Properties
Property type Hotel / Guest House
Listing status Hotel / guest house for rent
Bedrooms 22
Bathrooms 22
Toilets 24
Parking spaces 12
Plot size 1,200 m²
Furnishing Furnished

Area guide — Ikotun

Lagos

Interesting Facts

Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Ade...

Leisure and Shopping

Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within th...

Popular Estates

Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and...

Day Life

Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery...

Night Life

Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.

Schools

Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Soli...

Read the full area guide for Ikotun, Lagos

Similar properties in Ikotun

More commercial property for rent in Ikotun

Industrial Warehouse
Premium
₦20,000,000

Warehouse for rent

Industrial Warehouse

Ikotun, Lagos
Warehouse
₦5,000,000

Warehouse for rent

Warehouse

Ikotun, Lagos
See all similar properties

Disclaimer

The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.